ExxonMobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.
August 5, 2020Search
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Global EV Charging Stations Top 1 Million
The electric vehicle industry has quietly hit one of its biggest milestones to date, as the number of public charging plugs around the world ticks above the 1 million mark.
August 5, 2020Nikola Posts Q2 Loss, Stays Focused on Growth Strategy
Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.
August 5, 2020Wilks Brothers Swoop In With Competing Offer for Calfrac
Wilks Brothers has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders.
August 4, 2020Shale Driller Sells Gas Fields for Fraction of Purchase Price
Range Resources Corp. is selling its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller.
August 4, 2020Average Price of Diesel Continues to Linger in $2.40s
Diesel fell for the third consecutive week, by three-tenths of a cent to $2.424 a gallon.
August 3, 2020Oil Rises With Signs of Economic Recovery Buoying Demand
Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.
August 3, 2020Penske Truck Leasing Adds Core-Mark as EV Customer
Penske Truck Leasing announced longtime customer Core-Mark Holding Co. deployed one of Penske’s Class 8 battery-electric Freightliner eCascadias into its fleet.
August 3, 2020Electric Car Startup Fisker Misses Deadline for Supply Deal With VW
Fisker Inc. missed a self-imposed deadline for a technology-sharing deal with Volkswagen AG that the electric-vehicle startup had described as key to cutting costs.
July 31, 2020Noble Corp. Files Bankruptcy to Erase $3.4 Billion of Debt
Offshore drilling contractor Noble Corp. filed for bankruptcy with a plan to cut more than $3.4 billion of debt.
July 31, 2020